3Com Raises FY Q1 Outlook; Strong Sales In China
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Currently stock has a high level of shorts ( click here to see ) and any further good news could force these bearish bets to cover and thus provide another round of buying pressure, or in the other hand if the price holds or raises, the short squeeze will happen. Looking at the daily chart, 3Com Corp is coming back to life after has broken the descending triangle pattern with good volume. In addition KD show buy signal as K line has just rose above D line. Based on current trend the stock may go till $2.19 per share or the 50 day moving average before facing the next resistence. The stock now looks poised to move higher.
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Análises Técnicas de activos cotados em Wall Street. Os artigos do AC Investor podem também ser encontrados diariamente nos portais financeiros, Daily Markets, Benzinga, Minyanville, Solar Feeds e Wall Street Pit, sendo editor e contribuidor. Segue-me também no Twitter : http://twitter.com/#!/ACInvestorBlog e subscreve a minha newsletter.
3Com Raises FY Q1 Outlook; Strong Sales In China
3Com (COMS) shares are on the rise this morning after the company raised its guidance for its fiscal first quarter ending August 29.
The company now sees revenue for the quarter of $335 million to $340 million, up from previous guidance of $325 million to $330 million. 3Com sees non-GAAP profits for the quarter of 6-8 cents a share, up from old guidance of 3-5 cents. The company expects gross margin to be up at least one percentage point from FY Q4.
3Com said it now expects sales to China, including both direct sales and sales to Huawei, to be about 10% higher than in Q4; it had previously expected slight sequential growth.
The company noted that it continues to expect sales to Huawei to decline over the long term, both in absolute dollar and as a percentage of total sales.
3Com said it expects to end Q1 with about $530 million in cash.
This morning, COMS is up 17 cents, or 9.1%, to $2.03.
Even with the spike today, the cash position is about 64% of 3Com’s $851 million market cap.
Parece-me uma boa aposta face ao cash que tem versus capitalização bolsista.
The company now sees revenue for the quarter of $335 million to $340 million, up from previous guidance of $325 million to $330 million. 3Com sees non-GAAP profits for the quarter of 6-8 cents a share, up from old guidance of 3-5 cents. The company expects gross margin to be up at least one percentage point from FY Q4.
3Com said it now expects sales to China, including both direct sales and sales to Huawei, to be about 10% higher than in Q4; it had previously expected slight sequential growth.
The company noted that it continues to expect sales to Huawei to decline over the long term, both in absolute dollar and as a percentage of total sales.
3Com said it expects to end Q1 with about $530 million in cash.
This morning, COMS is up 17 cents, or 9.1%, to $2.03.
Even with the spike today, the cash position is about 64% of 3Com’s $851 million market cap.

Parece-me uma boa aposta face ao cash que tem versus capitalização bolsista.

AC Investor Blog
www.ac-investor.blogspot.com -
Análises Técnicas de activos cotados em Wall Street. Os artigos do AC Investor podem também ser encontrados diariamente nos portais financeiros, Daily Markets, Benzinga, Minyanville, Solar Feeds e Wall Street Pit, sendo editor e contribuidor. Segue-me também no Twitter : http://twitter.com/#!/ACInvestorBlog e subscreve a minha newsletter.
www.ac-investor.blogspot.com -
Análises Técnicas de activos cotados em Wall Street. Os artigos do AC Investor podem também ser encontrados diariamente nos portais financeiros, Daily Markets, Benzinga, Minyanville, Solar Feeds e Wall Street Pit, sendo editor e contribuidor. Segue-me também no Twitter : http://twitter.com/#!/ACInvestorBlog e subscreve a minha newsletter.
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